As eCommerce picks away at brick-and-mortar grocers’ share of center-aisle sales, shoppers are increasingly seeing the supermarket as a place to buy just food — not all the day-to-day basics they need to get through the week — PYMNTS Intelligence reveals. By the Numbers For...
Bank of America is expanding the requirements of its SafeBalance checking account plan. The account, introduced in 2014, lets customers manage their finances with no overdraft fees. Starting in November, the bank announced Wednesday (Sept. 13), accountholders who maintain a minimum daily balance of $500 or more will...
Visa and Currencycloud have joined forces to introduce a suite of products that aims to simplify cross-border money movement for various institutions. The collaboration combines Visa’s existing cross-border capabilities with Currencycloud’s expertise in multi-currency business facilitation, Visa said in a Wednesday (Sept. 13) press release emailed to PYMNTS....
HSBC has launched a multi-market business account opening service. This service aims to help businesses expand overseas by simplifying the account opening process and addressing long-standing challenges faced by internationally-minded businesses, the banking and financial services organization said in a Wednesday (Sept. 13) press release emailed to...
Small and medium-sized businesses (SMBs) have long been aware of Intuit’s suite of products. After all, the global technology platform is responsible for Quickbooks, TurboTax, Credit Karma and Mailchimp, and just last week (Sep. 6) debuted Intuit Assist, a generative artificial intelligence (AI) tool to help its small business...
Payment processing firm Episode Six has debuted an installment payment plan for businesses. Business Now, Pay Later, announced Wednesday (Sept. 13), lets commercial banks offer small and medium-sized businesses (SMBs) “tailored installment offerings” within their business banking channel. The Austin-based company said in a news release that it created...
The Land Transport Authority (LTA) of Singapore announced it will review the ride-hailing and taxi industries, causing shares of Southeast Asian super provider Grab to dip 8%. Grab, whose services include ride-hailing, saw its shares lose the gains they had made over the past three...
Embedded banking platform Swan has raised $39 million in a Series B funding round. “I’m not obsessed with fundraising, but this news is big,” Nicolas Benady, the French company’s founder and CEO, wrote on the Swan blog Wednesday (Sept. 13). “It’s big for reinforcing the quality and scale of our...
BlackLine, a cloud finance software company, has begun the rollout of its artificial intelligence (AI)-enabled intercompany accounting capabilities. This new solution, known as Intercompany Predictive Guidance, aims to prevent transaction failures, reduce resource consumption and enhance efficiency throughout the entire transaction lifecycle, the company said in...